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EUR/GBP intraday: under pressure below 0.8638
2024-04-23
244
0.8638 is our pivot point.
Our preference: under pressure below 0.8638.
Alternative scenario: above 0.8638, look for 0.8649 and 0.8656.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.8628 and 0.8628).
Supports and resistances:
0.8656 **
0.8649 *
0.8638 **
0.8633
0.8625 last
0.8611
0.8605 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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